World energy markets, from butane in Asia to gasoline in Latin America and diesel in Europe, are feeling the ripple effect of Texas’s deadly storm, highlighting the growing importance of the U.S. for the global oil industry. When Hurricane Katrina hit in 2005, the U.S. exported just 800,000 barrels a day of mostly refined products.... Continue Reading →
Brazil oil regulator sees Total winning license in Amazonas
(Reuters) - The head of Brazilian oil regulator ANP on Thursday expressed confidence that French oil company Total SA would win an environmental license for an exploration venture in the Amazon river basin. Speaking to reporters on the sidelines of an event in Rio de Janeiro, Décio Oddone also said he saw no impact on... Continue Reading →
Clarification on News: Petrobras Distribuidora (BR) IPO
Rio de Janeiro, August 29, 2017 – Petróleo Brasileiro S.A. – Petrobras reports that it received on 8/28/2017, Official Letter No. 299/2017/CVM/SEP/GEA-1, which requests the following clarification: Official Letter No. 299/2017/CVM/SEP/GEA-1 “Dear Executive Officer, I refer to the news article headlined “Oferta Inicial de Ações da BR Distribuidora deve ser feita até dezembro” [BR Distribuidora... Continue Reading →
Sinopec Probed by the U.S. Over Nigeria Payments
U.S. authorities are investigating China Petroleum & Chemical Corp. over allegations that the state-controlled oil producer paid Nigerian officials about $100 million worth of bribes to resolve a business dispute, according to people familiar with the probe. Investigators from the Securities and Exchange Commission and Justice Department are looking into allegations that outside lawyers acting as middlemen for the company, known... Continue Reading →
Largest U.S. Refiner Shuts Down as Harvey Makes Second Landfall
The latest hit list potentially reduces U.S. fuel-making capacity to the lowest since 2008, following Hurricane Ike. Motiva Enterprises LLC’s Port Arthur facility in Texas, the biggest U.S. refinery, is shutting because of severe flooding, said a person with knowledge of the operations. Total SA’s refinery in Port Arthur is out with a power loss, a person familiar with that plant... Continue Reading →
BG IS AUTHORIZED TO EXPORT PETROLEUM OF THE SANTOS BASIN
Aug, 2017 The Customs of the Federal Revenue Service at the Port of Santos authorized BG Brazil to export crude oil produced in an exclusive geographical area located off the coast of the state of São Paulo, in the Santos Basin. The authorization was published on 29th in the Official Gazette of the Union.... Continue Reading →
SUEZ STARTS IN NEW OFFSHORE PLATFORM SERVICE CONTRACTS IN BRAZIL
August 30, 2017 By Davi de Souza (davi@petronoticias.com.br) Suez announced this week a new contract with Petrobras to supply seven water desalination units to 11 platforms. In addition to making the equipment available, the company will also provide maintenance services. With this important new business, the group, present in several countries, prepares the next... Continue Reading →
Hurricane Harvey: Some operators resume oil production in Gulf of Mexico
U.S. offshore oil and gas operators have, as of Monday, evacuated 98 production platforms and five drilling rigs in the Gulf of Mexico, in response to the hurricane Harvey. This means that some operators have actually returned some personnel offshore, as the previous number, as of Sunday, showed 105 evacuated platforms. Read more
Brazil regulator rejects Total study on drilling at Amazon River basin
Brazil’s environmental regulator Ibama said on Tuesday it has rejected Total SA’s environmental study on drilling in the Foz do Amazonas basin, warning it needs more information or it will suspend the French oil firm’s license application. Ibama’s repeated refusals to accept Total’s environmental impact study has held up the company’s four-year quest to explore... Continue Reading →
Harvey Recharges Offshore as Crippled Houston Counts the Cost
Houston was born from the wreckage of a cataclysmic storm in 1900, and in the decades since has weathered not only water and wind but the gyrating fortunes of the oil industry. The sprawling megalopolis, which takes a perverse pride in its booms and busts, will endure Harvey as well, said Patrick Jankowski, senior vice... Continue Reading →
Brazil Energy Insight 